LOS ANGELES – At GlobeSt.com's ADAPT awards this year, we recognized the 712 S Olive & 410 W 7th project in Los Angeles as the winner for most thoughtful and unique project design. The project was honored at our awards ceremony earlier this week in Baltimore. Atlas Capital Group LLC took two historic Jewelry District buildings and completely renovated and rebuilt the properties from the inside: Those projects are 712 S. Olive St. and 410 W. 7th St. For both properties, Atlas created interior light and stairwells, converted basement areas into parking, and developed a new construction penthouse on one property and activated a rooftop deck on another. Their visionary transformations to 712 S. Olive Street and 410 W. 7th Street have reclaimed the iconic glory of both properties while maximizing the tenant experience in a flourishing and revitalized downtown. The building at 712 S. Olive retains the charm of a classic turn-of-the-century building while offering a cool and functional modern office space in the heart of downtown. The former Ville de Paris department store has been converted to beautiful workspaces with upgraded building systems, high ceilings, exposed brick, natural light, and a jewel box penthouse with a private deck. The interior features floor to ceiling glass and floors with interconnecting center stairs with natural light on all floors. Atlas was also able to pre-lease three floors at 712 S. Olive to a $20-billion retailer located on the ground three floors. 410 7th St. offers premier street frontage along 7th Street and floor to ceiling glass façade on the first three floors, providing for an abundance of natural light throughout the property. In addition, the property features a 5,000-square-foot private rooftop deck with exceptional views of the Downtown LA skyline, interconnecting stairwells, and varying floor plate sizes to allow tenants to customize the space to fit their needs. Elevated touches seamlessly integrate into the high foot traffic, walkable neighborhood and the enhanced, glassy structure matches the energy of Downtown LA. While most would expect the buildings to lease to purely creative office users, due to the thoughtful and unique design both buildings will have a multi-story retail component, which will serve as a great amenity to tenants, says Atlas Capital Group. One of the major challenges with the projects were the city's changing seismic code. When renovations began, a seismic retrofit plan was put in place to bring the buildings to code, but half way through construction Los Angeles' seismic code changed and the project essentially had to start over on the structural retrofit, causing significant delays in the construction timeline and delivery of the building. The renovation began approximately 18 months ago and is expected to be complete in the next 3 months.
➤➤ The GlobeSt.com ADAPT: Opportunity Zones awards were held on September 16th in Baltimore, MD, where we put a spotlight on the achievements of those who have had a hand in adaptive reuse solutions across the country. To view the full list of winners, click here.
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